Latest Fundtech News: Finextra Research

Co-op migrates to Fundtech e-payments platform

The Co-operative Bank is to use Access.pro from New Jersey-based Fundtech to deliver next-generation e-banking and e-commerce services to its corporate customers in the United Kingdom.

14 November 2000

/payments

BankAtlantic outsources cash management to Fundtech ASP

Fundtech has been selected to deliver core cash management services to BankAtlantic's business customers under an application service provider (ASP) agreement.

27 October 2000

/security

Bank of America to build Identrus-enabled CLS solution

Bank of America and Fundtech are collaborating to provide secure access for Internet transactions into the new Continuous Linked Settlement (CLS) Bank. Bank of America will Identrus-enable Fundtech's PAYplus CLSsolution, a browser-based service that allows companies to manage the settlement of their foreign exchange (FX) trades through CLS.

13 September 2000

/payments

Fundtech views Singapore office as gateway to Asia

Payments solution provider Fundtech has moved into the Asian market with the opening of a Singapore office. The New Jersey-based company says it plans to establish a strong presence in the region and build local teams to sell and support its product set.

07 September 2000

/payments

Brief: Fundtech claims eight more bank orders

Fundtech is claiming eight new bank orders for it e-payments system, PAYplus USA. The banks include institutions based in Indiana, California, North Carolina, and three in Puerto Rico.

06 September 2000

/payments

Fundtech unveils e-commerce strategy

Payment system provider Fundtech is planning a range of strategic investments and partnerships with complementary service providers in e-commerce markets. The initiatives, revealed to investors in Tel Aviv, will be co-ordinated to help banks cope with anticipated increases in transaction volumes from new delivery channel investments.

05 September 2000

/regulation

Brief: Dresdner and Commerzbank seal CLS hat-trick for Fundtech

Commerzbank and Dresdner Bank have both signed up with Fundtech for its PAYplus CLS solution. The PAYplus system will enable the banks to interface with the continuous linked settlement process, a bank-backed system designed to minimise the counterparty default risk in foreign exchange trading.

26 July 2000

/regulation

Deutsche signs with Fundtech for CLS system

Deutsche Bank has signed a contract with New Jersey-based Fundtech for its browser-based PAYplus CLS solution.

24 July 2000

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